A Taxing Question

WHA

Reported in today's paper. A study has found that a typical UK couple with two children will pay an additional 70% tax on every additional pound earned above the national average. This is because of the loss of (non taxable) tax credits, compounded by having to pay tax and national insurance on the extra earnings. The study compared tax levels of around 50 countries - surprise surprise, the UK was the worst at 70%, with most others coming in at under 50%. As commented above by various contributors, the tax credit system is causing people to rely on state benefits, even though they may be able to get themselves out of it. I don't think anyone would work overtime or apply for better jobs if they would only see 30% of the extra wages they earned. Remember, this is not referring to high earners, but to average earners. This is a national scandal - people on any form of benefit should be encouraged to earn more for themselves, not dis-incentivised in this way.

deemy2004

Yeh, this new labour it startign to eriosuly hurt the pockets of the hard working majority...

For exactly what benefit ?

Seems like since labour came into power there has been an explosion of the wanting something for free culture. Thats the tories kept at bay...

The benefits system needs to be scrapped.. And we need to start from scratch where only those actually in need get it which is maybe halve of those claiming at this point in time.

I KNOW people, I KNOW People that CLAIM benefits and OWN property on RENT, work in a restaurant ! All in someone elses name so as they can continue to get a DOUBLE income. I.e. £800 a month of the state, and maybe £2k a month from working / rents.

Scrap the system and start again with strict enforcement of the rules and reimburse the tens of billions back to the hard workign tax payers

fairenoughclough

deemy2004 wrote:

I KNOW people, I KNOW People that CLAIM benefits and OWN property on RENT, work in a restaurant ! All in someone elses name so as they can continue to get a DOUBLE income. I.e. £800 a month of the state, and maybe £2k a month from working / rents.

Scrap the system and start again with strict enforcement of the rules and reimburse the tens of billions back to the hard workign tax payers

You know people who are stealing your taxes!

Perhaps you should do something about it!

Isn't there a helpline where you can report benefit cheats anonymously?

deemy2004

Yeh I should but I won't !

Its endemic....

I'm not grassing someone I KNOW, when others I KNOW much less are doing the same for whom I have No firm evidence.

Still I give the scrounging b*&$$£d a hard time

trafalgar_2

Ever seen the add about energy saving...................so what the polar ice cap is melting,it's only one little light I leave on:eek:


so everyone knows someone,no-one tells no-one .........................get the pic:rolleyes:


no good moaning if your tax goes up..........cause your letting them take what they want .......:rolleyes: .all these deserving people

Tony_H_3

May'be there should be a sliding scale upto 100% taxation. Take Mr Gates worth an estimated 24 billion, even our top earners have in excess of 2 or 3 billion. There must come a point when you can only be sooooo rich, when you could have the "best of the best" many 1000's of times over. It doesn't have to be limited to personal wealth either, companies could also be capped on what they can make......

deemy2004

trafalgar wrote:

Ever seen the add about energy saving...................so what the polar ice cap is melting,it's only one little light I leave on:eek:


so everyone knows someone,no-one tells no-one .........................get the pic:rolleyes:


no good moaning if your tax goes up..........cause your letting them take what they want .......:rolleyes: .all these deserving people

:rolleyes:

deemy2004

Tony_H wrote:

May'be there should be a sliding scale upto 100% taxation. Take Mr Gates worth an estimated 24 billion, even our top earners have in excess of 2 or 3 billion. There must come a point when you can only be sooooo rich, when you could have the "best of the best" many 1000's of times over. It doesn't have to be limited to personal wealth either, companies could also be capped on what they can make......

Mr Gates wealth is paper money....

If he tried to realise the wealth he would be taxed.

WHA

In the weekend papers, it gave the figure for the "economically inactive", i.e. those of working wage not working or looking for a job for whatever reason. It was something like 8 million people - surprise, surprise, it had risen by something like a million since Labour came to power.

Other figures were that a million jobs have been lost in the UK manufacturing industry, whilst a similar number have been "created" in the public sector.

When will people "wake up and smell the coffee" - for the UK's long term prosperity, we need to "make" things or properly use or our country's physical assets. I honestly worry that we will end up nothing but a country full of desk-dwelling paper pushers - OK until the other countries realise that they can do the same cheaper - like they have done with manufacturing.